Centene CNC Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Commercial | $9.56B-11.5% | $10.79B-1.8% | $10.99B+9.2% | $10.07B-0.8% | $10.15B+16.3% | |
| Medicaid | $28.89B+3.0% | $28.04B+0.3% | $27.96B-0.1% | $28B+5.9% | $26.43B+4.3% | |
| Medicare | $10.33B+7.5% | $9.61B+2.3% | $9.39B-0.6% | $9.45B+7.9% | $8.76B+60.0% | |
| Other | $4.15B-8.5% | $4.53B+8.0% | $4.19B+5.7% | $3.97B-4.7% | $4.16B-6.0% | |
| Revenue from Contract with Customer, Including Assessed Tax by Business | ||||||
| Commercial | $9.56B-11.5% | $10.79B-1.8% | $10.99B+9.2% | $10.07B-0.8% | $10.15B+16.3% | |
| Medicaid | $28.89B+3.0% | $28.04B+0.3% | $27.96B-0.1% | $28B+5.9% | $26.43B+4.3% | |
| Medicare | $10.33B+7.5% | $9.61B+2.3% | $9.39B-0.6% | $9.45B+7.9% | $8.76B+60.0% | |
| Other | $1.18B-8.0% | $1.28B-4.8% | $1.34B+9.8% | $1.22B-4.5% | $1.28B+0.8% | |
| Segment gross margin by Business | ||||||
| Commercial | $2.36B+374% | $497M-55.5% | $1.12B+18.0% | $946M-62.8% | $2.54B+60.0% | |
| Medicaid | $1.62B+0.6% | $1.61B+5.0% | $1.53B+37.2% | $1.12B-22.0% | $1.43B+4.8% | |
| Medicare | $1.55B+311% | $378M-29.7% | $538M-37.7% | $863M-28.3% | $1.2B+65.2% | |
| Other | $120M+62.2% | $74M-53.5% | $159M+72.8% | $92M-16.4% | $110M-4.3% | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Net by Business | ||||||
| Commercial | $5.05B-10.2% | $5.62B+0.9% | $5.57B+9.7% | $5.08B+9.3% | $4.64B+5.2% | |
| Medicaid | $11.4B+10.1% | $10.36B-8.5% | $11.33B+8.6% | $10.43B-7.5% | $11.28B+9.7% | |
| Medicare | $4.07B-7.6% | $4.4B+1.2% | $4.35B-1.0% | $4.39B+17.2% | $3.75B+11.6% | |
| Other | $29M-65.9% | $85M-51.1% | $174M+7.4% | $162M-8.5% | $177M-5.9% | |
| Medical costs by Business | ||||||
| Commercial | $7.2B-30.1% | $10.3B+4.2% | $9.88B+8.2% | $9.12B+19.9% | $7.61B+6.6% | |
| Medicaid | $21.96B+2.5% | $21.41B-0.9% | $21.61B+5.0% | $20.58B-1.3% | $20.84B+7.2% | |
| Medicare | $8.77B-5.0% | $9.23B+4.3% | $8.85B+3.1% | $8.59B+13.7% | $7.56B+59.2% | |
| Other | $378M-31.3% | $550M-1.6% | $559M+8.3% | $516M+3.6% | $498M+1.2% | |
| Cost of Services by Business | ||||||
| Commercial | $0— | $0— | $0— | $0— | $0— | |
| Medicaid | $23M-4.2% | $24M-4.0% | $25M0.0% | $25M+4.2% | $24M+4.3% | |
| Medicare | $0— | $0— | $0— | $0— | $0— | |
| Other | $679M+3.5% | $656M+4.8% | $626M+1.6% | $616M-8.6% | $674M+1.4% | |
| Premium tax by Business | ||||||
| Commercial | $0— | $0— | $0— | $0— | $0— | |
| Medicaid | $5.29B+5.8% | $5B+4.3% | $4.79B-23.6% | $6.28B+51.9% | $4.13B-8.4% | |
| Medicare | $0— | $0— | $0— | $0— | $0— | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Reinsurance Recoverable for Unpaid Claims and Claims Adjustments by Business | ||||||
| Commercial | $68M+13.3% | $60M+7.1% | $56M+21.7% | $46M0.0% | $46M-2.1% | |
| Medicaid | $14M-12.5% | $16M-5.9% | $17M+21.4% | $14M-22.2% | $18M0.0% | |
| Current year by Business | ||||||
| Commercial | $4.52B-54.8% | $10.01B+8.7% | $9.21B+11.6% | $8.26B+74.5% | $4.73B-30.2% | |
| Medicaid | $14.09B-36.3% | $22.11B+9.3% | $20.23B-1.5% | $20.54B+58.0% | $13B-32.1% | |
| Medicare | $6.4B-29.8% | $9.11B+4.8% | $8.69B+14.1% | $7.62B+45.2% | $5.24B+4.2% | |
| Other | $358M-32.3% | $529M-2.8% | $544M+4.0% | $523M+45.7% | $359M-25.5% | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims by Business | ||||||
| Commercial | $7.2B-30.1% | $10.3B+4.2% | $9.88B+8.2% | $9.12B+19.9% | $7.61B+6.6% | |
| Medicaid | $21.96B+2.5% | $21.41B-0.9% | $21.61B+5.0% | $20.58B-1.3% | $20.84B+7.2% | |
| Medicare | $8.77B-7.8% | $9.51B+6.2% | $8.96B+5.8% | $8.47B+14.8% | $7.38B+50.6% | |
| Other | $378M-31.3% | $550M-1.6% | $559M+8.3% | $516M+3.6% | $498M+1.2% | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid by Business | ||||||
| Commercial | $7.77B-24.1% | $10.24B+9.2% | $9.38B+7.9% | $8.69B+17.8% | $7.38B+9.4% | |
| Medicaid | $20.91B-6.6% | $22.38B+8.0% | $20.72B-3.3% | $21.43B+8.0% | $19.85B+2.8% | |
| Medicare | $9.11B-0.8% | $9.18B+3.2% | $8.9B+12.0% | $7.94B+10.9% | $7.17B+44.1% | |
| Other | $434M-18.1% | $530M-3.1% | $547M+3.0% | $531M+4.3% | $509M+5.8% | |
| Medical claims liability by Business | ||||||
| Commercial | $5.12B-10.0% | $5.68B+1.0% | $5.63B+9.9% | $5.12B+9.2% | $4.69B+5.1% | |
| Medicaid | $11.42B+10.0% | $10.38B-8.5% | $11.34B+8.6% | $10.44B-7.6% | $11.3B+9.7% | |
| Medicare | $4.07B-7.6% | $4.4B+1.2% | $4.35B-1.0% | $4.39B+17.2% | $3.75B+11.6% | |
| Other | $29M-65.9% | $85M-51.1% | $174M+7.4% | $162M-8.5% | $177M-5.9% | |
| Prior years by Business | ||||||
| Commercial | $3.25B+1,302% | $232M+38.9% | $167M-61.6% | $435M-83.6% | $2.65B— | |
| Medicaid | $6.82B+2,417% | $271M-44.0% | $484M-46.0% | $896M-86.9% | $6.85B+4,466% | |
| Medicare | $2.71B+3,664% | $72M-65.6% | $209M-36.5% | $329M-82.9% | $1.92B— | |
| Other | $76M+7,500% | $1M-66.7% | $3M-62.5% | $8M-94.7% | $150M— | |
| Premium and service revenues by Product | ||||||
| Premium and service revenues | $44.66B-0.2% | $44.73B-0.4% | $44.9B+5.7% | $42.47B-0.1% | $42.49B+17.1% | |
| Premium | $43.89B-0.2% | $43.98B-0.3% | $44.13B+5.7% | $41.74B+0.1% | $41.71B+17.4% | |
| Service | $768M+2.5% | $749M-3.0% | $772M+6.2% | $727M-6.4% | $777M0.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Centene break its business down?
- Centene (CNC) reports total revenues by business across 4 parts — Commercial, Medicaid, Medicare and Other. Each is extracted from the segment footnotes and tracked over time.
- Where does Centene's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Centene's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
